Bitcoin mining demonstrated resilience in November despite significant price fluctuations. The Puell Multiple, an indicator of miner profitability, fell to 0.67 on November 25, marking a 12-month low, but has since rebounded to 0.91. Miner reserves also reached a 12-month low, reflecting increased selling activity due to declining profitability and rising mining difficulty. Despite these challenges, the Bitcoin hash rate continued its upward trend, indicating that miners maintained operational flexibility. This data suggests that Bitcoin might be in a favorable buying zone, although further price declines could occur before sell pressure becomes excessive.